Bitcoin has once again reached the 103,000 mark after breaking through the 100,000 level.

Although Li Mu has clearly pointed out two selling points at 102,100 and 103,200, this round advises everyone not to be overly bearish on the downside.

First, in terms of structure, the 1/2 hour chart has encountered resistance at the 60/120-day moving averages, but the 4-hour long lower shadow big bullish candle has completed the construction of an upward channel, and the gap has not been filled, completing a structural turnaround; secondly, on a macro level, the negative geopolitical sentiment has already been digested, and the strengthening of the Nasdaq can further promote the upward movement.

Thus, in this new round of arrangements, we still look for a pullback at the hourly resistance level, waiting for a low point to start arranging a new round of long positions.

Li Mu suggests:

Bitcoin around 101,000-101,800, target 104,000-105,000; Ethereum around 2,260-2,230, target 2,350-2,380.